CA Rajiv Hira on 18 March 2021
As per Article 33, VAT is applicable @ 0% in case of international transportation services for Passengers and Goods.The supply of international transportation S..
Girish Chand on 01 March 2021
The Oman tax authority recently introduced staggered VAT Registration by Oman Tax Authority. This step would be helpful to both the entities as well as to the ..
Editor on 20 February 2021
In a typical international logistics transaction, a consignor (person who wishes to get the goods transported) enters into a contract with a transporter for mov..
Editor on 18 February 2021
A peculiar situation was noticed when a Person (an individual) was highlighted a portion of the Directors fee he received in 2018 for the board meetings that he..
Bhawna Chopra on 30 January 2021
Omans VAT law states that, in accordance with Article 47, financial services are exempt.
It has been specified that the regulations will include further cond..
Thomas Lassey on 19 January 2021
Zero rating of Services
Background
One of the first updates to the UAE VAT Executive Regulations since they were published towards the end of 2017 relates..
Mohammad Ali on 17 January 2021
Although some penalties for violations related to VAT in UAE are becoming less severe, theres still a very alarming array of VAT enforcement powers that can tra..
Mahmoud Abuwasel on 30 December 2020
Since around September 2020, the tax dispute resolution committee of the Emirate of Dubai has been inoperable (under reformation).
Objections that have been ..
Mayank Ahuja on 23 December 2020
Electronic invoicing (e-invoicing) refers to adoption of standard that requires every business to issue invoice according to a prescribed electronic format that..
Ganesh Nair on 14 December 2020
Quite an eventful year this 2020 is proving to-be from VAT standpoint. Actions taken by GAZT in the past few months were commendable and applauded.
First, th..
